Atlan, a Singapore based Data democratisation startup, has raised USD 16 Million in a Series A funding round on 25th May 2021. This funding round was led by Insight Partners, global private equity, venture capital firm.
This funding round also saw the participation of Investors like Bob Muglia, former CEO of Snowflake, Auren Hoffman, founder of Safegraph and Liveramp; Jake Stein and Bob Moore, founder of Stitch; and COO of Notion, Akshay Kothari.
The existing investor Sequoia Capital India’s Surge and Waterbridge Ventures also backed this funding round.
Atlan plans to utilize this funding to increase its current workforce and strengthen and develop its engineering, product, and marketing teams in India and focuses to double its team strength by the end of 2021.
After this investment, the Managing Director of Insight Partners, Teddie Wardi will join as the board of director in Atlan.
“Atlan has become a valuable resource for the data team to get context about data. In the long run, for our data democratisation vision, we see the entire organisation working towards analysing the data and taking actions in a coherent, seamless fashion.” – Prudhvi Vasa, Analytics Leader at Postman.
“Having Atlan in the mix of our tool-chains opens the possibility of providing data context at scale, thereby enabling the entire organisation to be data-aware and data-driven,” he added.
About Atlan –
Atlan was founded and established in January 2018 by Prukalpa Sankar and Varun Banka, in Singapore. The startup is creating a base for data teams by allowing them to democratize both external and internal data while automating repetitive tasks.
The startup serves more than 200 teams across 50 countries. Some of the customers of the startup include Barbeque Nation, Uniliver, WPP and Group M, Mahindra Group, Milkbasket and InMobi among other 500 companies.
Some of the advisors and investors of the startup include Ratan Tata, 500 Startup, Waterbridge, Unreasonable Future (2019), Google LAunchPAd(2018), and Rajan Anandan.
Words from Co-founders –
“Today, data assets are not just tables, but code, models, BI dashboards, and pipelines. At Atlan, we are reimagining the human experience with data — why can’t data assets be shared as easily as sharing a link on Google Docs, or if Google Analytics can tell you the usage on a website, why can’t we do the same for our data?” -Prukalpa Sankar, Co-founder of Atlan.
“As the modern data stack becomes mainstream, a collaborative layer that acts as a glue across a variety of tools like Snowflake, Databricks, BI tools, and AI/ML applications, is becoming a necessity.” – she added
“We are excited to partner with Insight as their significant expertise in backing ScaleUp SaaS companies will help accelerate our growth. We will be investing heavily in growing our product & engineering team in India and take great pride in pioneering a new wave of companies in India that are building world-class products, from India for the rest of the world,” – Varun Banka, Co-founder of Atlan.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
